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Fraudulent trading: Sebi slaps Rs 50 lakh fine on four individuals An investigation was conducted by Sebi with respect to GDR (Global Depository Receipt) issuance by the company during November-December 2007 PTI | January 27, 2021 | Updated 21:06 IST Markets regulator Sebi on Wednesday imposed a total fine of Rs 50 lakh on four individuals for indulging in fraudulent trading activities with respect to GDR issuance by MPS Infotecnics Ltd. Penalties have been imposed on Peeyush Aggarwal, Sanjiv Bhavnani, Karun Jain and Rajinder Singh (noticees). An investigation was conducted by Sebi with respect to GDR (Global Depository Receipt) issuance by the company during November-December 2007. The regulator, in its investigation, found that MPS had issued GDRs amounting to Rs 39.45 crore and the entire GDR proceeds were subscribed to only one entity CLIFFORD. ....
SEBI approves Reliance-Future deal, BSE grants no-adverse-observation status The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August PTI | January 21, 2021 | Updated 07:55 IST Market regulator SEBI gave a go-ahead on Wednesday to Future Group s scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal. Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court. ....
» DMart, the nearly ₹2 trillion Indian retailer, may post strong earnings watch out for the progress on e-commerce DMart, the nearly ₹2 trillion Indian retailer, may post strong earnings watch out for the progress on e-commerce Sanchita DashJan 8, 2021, 19:44 IST DMart Radhakishan Damani s DMart is aware of the rising influence of e-commerce in India s grocery sector. Still, it was only in October 2020 that it finally took some serious steps to go online. And its third-quarter earnings will reflect whether it has managed to make any inroads into the e-commerce sector. DMart is facing increasing challenges from India s richest man Mukesh Ambani s JioMart, and the e-commerce giants Amazon, Flipkart, BigBasket, and Grofers. ....